BREAKING: Igliozzi Out as Finance Chairman of City Council

A day after calling for changes to the pension reform ordinance in Providence, Councilman John Igliozzi will be removed as chairman of the Council’s finance committee, GoLocalProv has learned.

It is unclear whether Council President Michael Solomon removed Igliozzi as the chairman or if he made the decision to resign, but Councilman Michael Correia said the change is clearly “political retribution” by Solomon.

“This is a clear abuse of power of President Solomon and Majority Leader Seth Yurdin,” Correia said. “They did this to me [during redistricting] and now they’re screwing my colleague.”

Correia was referring to last minute changes made to his Ward after he voted against a proposed map supported by Council leadership.

The pension reform ordinance, which takes effect July 1, requires all COLAs to be suspended until the pension system is 70 percent funded and caps all future pensions at one-and-a-half times the median state household income. The ordinance also makes changes to disability pensions and eliminates elected official pensions.

Igliozzi and Council President Pro Tempore Terry Hassett are calling for an amendment that will allow some retirees to continue receiving a cost-of-living-adjustment (COLA). Council President Pro Tempore.

Councilman David Salvatore, who led the pension reform efforts, is expected to be named chairman of the finance committee.